JKEDI approves 619 cases under SCFS, YSLS

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By Fast Kashmir on 27/05/2017. No Comments

JKEDI approves 619 cases under SCFS, YSLS

Pampore, May 27 : Six Hundred and Nineteen cases (619) cases of aspiring entrepreneurs sponsored by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) under different entrepreneurship development schemes were approved by the Steering Committee which met here at the Institute’s Pampore campus on Saturday.

The 102nd Steering Committee Meeting of Seed Capital Fund Scheme (SCFS) and 49th  of Youth Startup Loan Scheme (YSLS) were held under the Chairmanship of Mr. Shaleen Kabra, IAS, Principal Secretary, Labour & Employment Department, J&K Government. Those who participated in the meeting included Mr. Manzoor Ahmad Lone, Director Employment Department, Dr. M. I. Parray, Director JKEDI, Mr. Fayaz Ahmad and Vice-President -(A&AP), J&K Bank Limited.  Sectoral experts from the Department of Animal and Sheep Husbandry, some officers from the Industries Department and Assistant Directors from the Employment Department also participated in the meeting.

It may be in place to mention that today’s meeting was held after the intervention of Hon’ble Chief Minister, Ms. Mehbooba Mufti, who earlier this month convened a high level meeting of officers to redress the issues and grievances put forth by the entrepreneurs trained by JKEDI under its different schemes. Pertinently the Chief Minister on May 13 met over 2000 entrepreneurs and candidates trained by JKEDI from across the State at her residential office to get their feedback.

Out of 598 cases placed before the Committee under Seed Capital Fund Scheme, 563 cases related to sectors like manufacturing, services and agri-allied were approved.  Decision in respect of 35 cases was deferred as more clarifications were sought by the Steering Committee. These cases will be considered in the next Steering Committee meeting scheduled on June 01, 2017 after the relevant issues are clarified.

Out of 57 cases placed before the same Committee under Youth Startup Loan Scheme, 56 cases were approved. Decision in respect of one case was deferred for want of certain clarification.

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